The Reserve Bank's move to raise its inflation forecast signals the possibility of one to two rate hikes in the coming months, opined experts after the central bank left the policy rate and stance unchanged on Friday.
The Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at 5.25 per cent, as expected, and announced a raft of measures to attract foreign capital and support the rupee amid growing risks to growth and inflation from the prolonged West Asia conflict, elevated energy prices, and global supply chain disruptions.
